Corporations Act 2001

CHAPTER 8A - ASIA REGION FUNDS PASSPORT  

PART 8A.4 - NOTIFIED FOREIGN PASSPORT FUNDS  

Division 1 - Becoming a notified foreign passport fund  

SECTION 1213D   MEANING OF CONSIDERATION PERIOD  

1213D(1)    
The consideration period , for a notice of intention to offer interests in a foreign passport fund in this jurisdiction, is:

(a)    a period of 15 business days beginning on the day after the notice is lodged with ASIC; or

(b)    if ASIC and the operator agree that the period is to be extended under subsection (2) - the extended period.

1213D(2)    
ASIC and the operator of the foreign passport fund may agree, in writing, to one or more extensions of the consideration period. However, each extension must be for no more than 5 business days.